CITY OF PEWAUKEE - Longtime Waukesha County business
DUECO, Inc. has been sold to Terex Corporation, a heavy equipment
manufacturer with international operations.

DUECO CEO and President Judie Taylor confirmed
Wednesday evening that the business her family started in 1955 was
sold to Terex. She declined to provide further details Wednesday,
but said more information would be available in the coming days.

City of Pewaukee-based DUECO sells and supports the
Terex Telelect digger derricks and Terex Hi-Ranger bucket trucks and
a host of other utility equipment lines.

The two companies have had a working relationship for
many years.

In 2014, DUECO expanded Terex Utilities products and
support to Montana and Wyoming, which is the same year Taylor was
named CEO, according to DUECO’s website. In 1992, DUECO sold
Hi-Ranger to Terex and changed its own name from Dalum’s Utility
Equipment Company to DUECO.

It was in 1955 that Pete Dalum started what has
become DUECO. Taylor represents the third generation of the family
to lead the company.

Terex Corporation had net sales of $1,809.8 million
in the third quarter of 2014. It will announce its financial
information for the fourth quarter later this month.